Co executives and industry insiders said the debt-laden telecom firm, which will shut its operations soon, had last month asked circle heads to leave by March 31.
In June, RCom entered into a strategic debt restructuring, under which it has till December for a solution, after which lenders can initiate bankruptcy proceedings.
The telco has mooted alternate plans which include sale of towers, fibre, spectrum, and real estate assets, which could generate over Rs 25,000 crore that could be used to repay lenders.
Shares of Rcom fell nearly 13% to a record low, amid investor concerns over the Anil Ambani-owned carrier’s to repay debt after the collapse of its merger deal.
A day after RCom called off merger with Aircel citing regulatory uncertainties, government is mulling revising M&A rules for the telecom sector.
HR experts say high performers would typically belong to teams that look into new-age digital businesses — mobile banking, health and education and data marketing, among others.
"We are in deep discussions with Brookfield, but now the Aircel angle is not there because of which the value will be different. Deal is certainly on", said Garg.
Reliance Communications (Rcom) added four of its senior management to its Board on Monday, a day after it decided to call off its merger with Aircel.
Vodafone India and Idea Cellular, second and third on the leader-board, and are awaiting clearances for their merger, and so are Reliance Communications, Aircel and MTS.
Anil Ambani-led co said it expects to monetisation tower, fibre and real estate assets along with optimisation of spectrum assets to reduce Rs 25,000 crore debt.
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